Medifast Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Quarter Ended	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	+72 Quarters
Revenue	191.02	235.87	296.19	348.98	337.25	390.4	453.33	417.6	377.83	413.4	394.19	340.67	264.91	271.47	220	178.46	170.63	190.06	187.1	165.88	145.84	139.24	117.32	98.6	78.01	77.21	75.73	70.62	62.47	68.58	71.14	72.35	61.31	65.94	72.16	73.36	62.3	69.02	74.73	79.23	Upgrade
Revenue Growth (YoY)	-43.36%	-39.58%	-34.66%	-16.43%	-10.74%	-5.56%	15.00%	22.58%	42.63%	52.28%	79.18%	90.89%	55.25%	42.83%	17.58%	7.59%	17.00%	36.50%	59.48%	68.24%	86.96%	80.35%	54.93%	39.61%	24.88%	12.58%	6.44%	-2.38%	1.88%	4.01%	-1.41%	-1.39%	-1.59%	-4.46%	-3.44%	-7.41%	40.14%	-20.19%	-23.01%	-17.50%	Upgrade
Cost of Revenue	49.65	58.49	85.47	102.59	103.65	107.55	131.65	115.31	99.55	106.34	100.48	92.12	65.67	67.43	60.7	43.22	42.56	47.13	46.39	40.73	36.75	32.04	28.53	23.79	18.88	19.02	18.12	17.73	15.39	16.42	17.92	19.15	16.09	16.78	18.99	19.59	17.33	18.28	19.16	21.31	Upgrade
Gross Profit	141.37	177.38	210.72	246.39	233.6	282.85	321.68	302.29	278.29	307.06	293.71	248.55	199.24	204.04	159.3	135.24	128.07	142.93	140.71	125.15	109.09	107.2	88.8	74.81	59.13	58.18	57.61	52.89	47.08	52.16	53.23	53.19	45.22	49.16	53.17	53.77	44.98	50.73	55.57	57.92	Upgrade
Selling, General & Admin	132.69	151.87	172.01	192.88	201	234.69	272.72	247.2	231.45	251.89	232.27	195.75	161.27	159.48	131.2	111.71	109.36	122.67	113.36	100.43	89.29	89.73	71.69	60.13	49.64	47.96	46.3	44.28	40.47	43.21	48.2	46.93	39.68	41.19	44.5	47.26	40.79	44.14	45.71	48.31	Upgrade
Other Operating Expenses	0	0	0	0	0	0	0	0.02	0	0	0.02	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	Upgrade
Operating Expenses	132.69	151.87	172.01	192.88	201	234.69	272.72	247.22	231.45	251.89	232.3	195.75	161.27	159.48	131.2	111.71	109.36	122.67	113.36	100.43	89.29	89.73	71.69	60.13	49.64	47.96	46.3	44.28	40.47	43.21	48.2	46.93	39.68	41.19	44.5	47.26	40.79	44.14	45.71	48.31	Upgrade
Operating Income	8.68	25.51	38.71	53.51	32.6	48.16	48.96	55.07	46.84	55.17	61.41	52.8	37.97	44.56	28.1	23.53	18.71	20.26	27.36	24.72	19.8	17.47	17.11	14.68	9.49	10.23	11.31	8.61	6.61	8.95	5.02	6.27	5.53	7.98	8.66	6.51	4.18	6.59	9.86	9.61	Upgrade
Interest Expense / Income	-1.18	-1.03	-0.46	0.18	0.18	0.26	0.16	0.1	0.09	0.09	0.07	-0.02	-0.03	-0.04	-0.06	0	-1.3	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	Upgrade
Other Expense / Income	0.05	-0.01	0.05	-	0.01	0.02	0	-	-0.01	-0.12	-	-0.02	0.15	-0.03	-0	-0.09	1.02	-0.32	-0.42	-0.31	-0.37	-0.36	-0.51	-0.25	-0.31	-0.14	-0.14	-0.1	-0.05	-0.06	-0.07	-0.09	-0.37	-0.24	-0.57	-0.31	5.97	-0.49	0.67	0.26	Upgrade
Pretax Income	9.8	26.55	39.12	53.33	32.41	47.88	48.8	54.98	46.75	55.19	61.35	52.84	37.85	44.63	28.16	23.62	18.98	20.58	27.78	25.02	20.17	17.83	17.62	14.93	9.8	10.37	11.45	8.71	6.66	9.01	5.09	6.36	5.9	8.21	9.23	6.82	-1.78	7.08	9.2	9.35	Upgrade
Income Tax	3.77	3.42	8.84	13.36	5.89	11.72	9.68	13.2	12.73	13.21	14.38	11.78	9.86	10.18	6.22	5.15	-0.9	4.68	6.4	4.27	4.52	4.05	3.49	2.71	2.49	3.69	3.86	2.57	2.55	2.95	1.7	2.1	2.04	2.71	2.98	2.38	1.58	2.23	3.48	3.39	Upgrade
Net Income	6.04	23.13	30.28	39.97	26.52	36.16	39.11	41.78	34.02	41.98	46.96	41.06	27.99	34.45	21.94	18.48	19.88	15.9	21.38	20.75	15.65	13.78	14.13	12.22	7.31	6.69	7.58	6.15	4.11	6.07	3.4	4.26	3.86	5.51	6.25	4.44	-3.36	4.86	5.72	5.97	Upgrade
Net Income Growth	-77.24%	-36.02%	-22.58%	-4.34%	-22.06%	-13.88%	-16.72%	1.75%	21.54%	21.85%	114.10%	122.24%	40.81%	116.66%	2.58%	-10.95%	27.01%	15.39%	51.30%	69.78%	114.25%	106.12%	86.35%	98.89%	77.63%	10.24%	123.26%	44.25%	6.55%	10.15%	-45.63%	-4.14%	-	13.41%	9.23%	-25.52%	-	-14.42%	-19.13%	0.57%	Upgrade
Shares Outstanding (Basic)	11	11	11	11	11	11	11	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	13	13	Upgrade
Shares Outstanding (Diluted)	11	11	11	11	11	11	11	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	12	13	13	13	Upgrade
Shares Change	-0.80%	-0.99%	-4.53%	-6.35%	-6.26%	-6.30%	-3.57%	-2.05%	-1.25%	-0.61%	0.31%	0.48%	-0.55%	-1.72%	-3.25%	-3.40%	-0.28%	-0.26%	0.36%	0.83%	-1.50%	0.02%	0.98%	1.08%	1.25%	1.23%	1.45%	0.73%	0.80%	-0.60%	-2.26%	-2.25%	-2.19%	-4.37%	-7.53%	-7.93%	-9.10%	-9.59%	-5.83%	-4.78%	Upgrade
EPS (Basic)	0.55	2.12	2.78	3.68	2.45	3.30	3.44	3.62	2.94	3.59	4.00	3.49	2.38	2.93	1.86	1.57	1.71	1.36	1.80	1.75	1.33	1.15	1.17	1.02	0.61	0.56	0.64	0.52	0.35	0.51	0.29	0.36	0.33	0.46	0.51	0.36	-0.24	0.39	0.44	0.45	Upgrade
EPS (Diluted)	0.55	2.12	2.77	3.67	2.43	3.27	3.42	3.59	2.91	3.56	3.96	3.46	2.36	2.91	1.86	1.56	1.66	1.32	1.75	1.70	1.31	1.14	1.16	1.01	0.60	0.55	0.63	0.51	0.34	0.51	0.29	0.36	0.32	0.46	0.51	0.36	-0.24	0.39	0.44	0.45	Upgrade
EPS Growth	-77.37%	-35.17%	-19.01%	2.23%	-16.49%	-8.15%	-13.64%	3.76%	23.31%	22.34%	112.90%	121.79%	42.17%	120.45%	6.29%	-8.24%	26.72%	15.79%	50.86%	68.32%	118.33%	107.27%	84.13%	98.04%	76.47%	7.84%	117.24%	41.67%	6.25%	10.87%	-43.14%	0%	-	17.95%	15.91%	-20.00%	-	-4.88%	-13.73%	4.65%	Upgrade
Free Cash Flow	9.58	28.25	41.4	61.94	42.68	53.63	40.92	40.66	-19.08	5.41	13.28	60.73	17.79	37.85	57.23	26.44	18.32	15.65	11.95	28.29	13.66	5.8	19.9	16.72	9.14	11.15	13.52	6.27	-1.15	5.68	10.59	8.04	0.9	9.23	7.27	9.19	-1.93	7.07	3.93	9.44	Upgrade
Free Cash Flow Per Share	0.88	2.59	3.80	5.70	3.91	4.89	3.60	3.52	-1.65	0.46	1.13	5.16	1.51	3.22	4.86	2.25	1.58	1.33	1.01	2.38	1.16	0.48	1.65	1.39	0.77	0.93	1.13	0.53	-0.10	0.48	0.90	0.68	0.08	0.77	0.60	0.76	-0.16	0.57	0.30	0.72	Upgrade
Dividend Per Share	-	1.650	1.650	1.650	1.640	1.640	1.640	1.640	1.420	1.420	1.420	1.420	1.130	1.130	1.130	1.130	1.130	0.750	0.750	0.750	0.750	0.480	0.480	0.480	0.480	0.320	0.320	0.320	0.320	0.250	0.250	0.250	0.250	-	-	-	-	-	-	-	Upgrade
Dividend Growth	-	0.61%	0.61%	0.61%	15.49%	15.49%	15.49%	15.49%	25.66%	25.66%	25.66%	25.66%	0%	50.67%	50.67%	50.67%	50.67%	56.25%	56.25%	56.25%	56.25%	50.00%	50.00%	50.00%	50.00%	28.00%	28.00%	28.00%	28.00%	-	-	-	-	-	-	-	-	-	-	-	Upgrade
Gross Margin	74.01%	75.20%	71.14%	70.60%	69.27%	72.45%	70.96%	72.39%	73.65%	74.28%	74.51%	72.96%	75.21%	75.16%	72.41%	75.78%	75.06%	75.20%	75.20%	75.45%	74.80%	76.99%	75.69%	75.87%	75.80%	75.36%	76.08%	74.89%	75.37%	76.06%	74.81%	73.53%	73.75%	74.56%	73.68%	73.29%	72.19%	73.51%	74.36%	73.11%	Upgrade
Operating Margin	4.54%	10.81%	13.07%	15.33%	9.67%	12.34%	10.80%	13.19%	12.40%	13.35%	15.58%	15.50%	14.33%	16.41%	12.77%	13.19%	10.96%	10.66%	14.62%	14.90%	13.58%	12.54%	14.58%	14.89%	12.16%	13.25%	14.93%	12.19%	10.59%	13.06%	7.06%	8.66%	9.03%	12.10%	12.01%	8.88%	6.72%	9.55%	13.20%	12.13%	Upgrade
Profit Margin	3.16%	9.81%	10.22%	11.45%	7.86%	9.26%	8.63%	10.01%	9.00%	10.16%	11.91%	12.05%	10.57%	12.69%	9.97%	10.35%	11.65%	8.37%	11.43%	12.51%	10.73%	9.90%	12.05%	12.40%	9.37%	8.66%	10.01%	8.70%	6.58%	8.84%	4.77%	5.89%	6.30%	8.35%	8.66%	6.06%	-5.39%	7.03%	7.65%	7.53%	Upgrade
Free Cash Flow Margin	5.01%	11.98%	13.98%	17.75%	12.65%	13.74%	9.03%	9.74%	-5.05%	1.31%	3.37%	17.83%	6.72%	13.94%	26.01%	14.82%	10.74%	8.23%	6.39%	17.05%	9.36%	4.16%	16.96%	16.96%	11.72%	14.44%	17.85%	8.88%	-1.84%	8.28%	14.88%	11.11%	1.47%	13.99%	10.08%	12.53%	-3.09%	10.25%	5.25%	11.91%	Upgrade
Effective Tax Rate	38.43%	12.87%	22.59%	25.05%	18.17%	24.49%	19.84%	24.00%	27.23%	23.93%	23.44%	22.29%	26.04%	22.81%	22.10%	21.79%	-4.74%	22.74%	23.02%	17.07%	22.39%	22.70%	19.79%	18.14%	25.42%	35.53%	33.75%	29.46%	38.24%	32.69%	33.29%	33.01%	34.58%	32.96%	32.30%	34.84%	-	31.45%	37.79%	36.20%	Upgrade
EBITDA	13.05	29.95	43.17	57.85	36.9	52.52	53.28	59.13	51.45	57.92	64.04	54.83	40.06	46.37	29.92	25.28	19.84	22.39	29.46	26.63	21.09	18.66	18.76	16.48	10.8	11.46	12.49	9.79	7.85	10.23	6.48	7.97	7.59	9.95	11.04	8.7	0.29	8.99	11.23	11.38	Upgrade
EBITDA Margin	6.83%	12.70%	14.57%	16.58%	10.94%	13.45%	11.75%	14.16%	13.62%	14.01%	16.25%	16.10%	15.12%	17.08%	13.60%	14.17%	11.63%	11.78%	15.75%	16.05%	14.46%	13.40%	15.99%	16.71%	13.85%	14.84%	16.49%	13.86%	12.57%	14.91%	9.11%	11.01%	12.38%	15.09%	15.29%	11.85%	0.47%	13.03%	15.03%	14.36%	Upgrade
Depreciation & Amortization	4.43	4.43	4.51	4.34	4.31	4.38	4.32	4.06	4.61	2.64	2.63	2.01	2.25	1.78	1.82	1.66	2.15	1.81	1.68	1.6	0.92	0.83	1.15	1.54	1.01	1.09	1.04	1.08	1.19	1.22	1.39	1.61	1.69	1.74	1.81	1.88	2.08	1.91	2.04	2.03	Upgrade
EBIT	8.63	25.52	38.66	53.51	32.59	48.14	48.96	55.07	46.84	55.29	61.41	52.82	37.82	44.59	28.1	23.62	17.69	20.58	27.78	25.02	20.17	17.83	17.62	14.93	9.8	10.37	11.45	8.71	6.66	9.01	5.09	6.36	5.9	8.21	9.23	6.82	-1.78	7.08	9.2	9.35	Upgrade
EBIT Margin	4.52%	10.82%	13.05%	15.33%	9.66%	12.33%	10.80%	13.19%	12.40%	13.37%	15.58%	15.50%	14.27%	16.43%	12.77%	13.24%	10.36%	10.83%	14.85%	15.08%	13.83%	12.80%	15.02%	15.14%	12.56%	13.43%	15.12%	12.33%	10.66%	13.14%	7.16%	8.79%	9.62%	12.46%	12.79%	9.30%	-2.86%	10.26%	12.30%	11.80%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).